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British bank Aldermore's first-half profit jumps 32 percent
August 10, 2017 / 6:23 AM / 4 months ago

British bank Aldermore's first-half profit jumps 32 percent

Aug 10 (Reuters) - British bank Aldermore Group Plc reported a 32 percent rise in profit for the first half of the year, helped by strong demand from small- and medium-sized businesses, homeowners and landlords.

The bank’s profit before tax rose to 78 million pounds in the six months ended June 30, from 59 million pounds a year earlier.

Aldermore, founded in 2009 by a former Barclays executive with backing from private-equity firm AnaCap, said net loans to customers rose 8.4 percent to 8.11 billion pounds in the period. (Reporting by Arathy S Nair in Bengaluru; Editing by Sunil Nair)

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